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Information about the financial world is impossible to ignore in today's depressed global economy. Every day, media outlets bombard us with news and possible explanations for the financial crisis. In The United States and the Global Economy, Frederick S. Weaver gives readers a concise introduction to the patterns of change in international financial and trade regimes since World War II in order to deepen their understanding of recent global economic turmoil. Weaver has compiled a clear chronology of major events in the international economy to show how they have reflected and shaped changes in the domestic economy of the United States. Although American dominance over the world economy is not as complete as it once was, the United States' domestic economic processes continue to have profound effects on global economic affairs.

In addition, Weaver takes this opportunity to familiarize readers with the vocabulary of key elements of international economic analysis and their relationships, such as the differences between balances of trade and balances of payments; foreign direct investment and foreign portfolio investment; and the meaning of most-favored-nation agreements. The United States and the Global Economy is a concise, informative book that is of interest to anyone seeking to understand the history behind the current financial situation.